GBP/JPY is rated neutral because bullish momentum on the daily chart clashes with bearish pressure on the middle timeframes and yen-supportive BoJ signals. Over the coming week the balance is flat; the four-week outlook leans bullish.
1 of 128 straight from the issuer or regulator
Trendlines, support and resistance and patterns come from the newest signal of the selected timeframe.
Direction, typical moves and upcoming dates from our own price, news and calendar data, recalculated on every visit. An assessment, not investment advice.
No price statement: our price history does not reach that far. Based on 128 news items.
All times UTC. Assessed against the consensus forecast, otherwise against the previous value. Price reaction measured on GBPJPY.
Signals split by horizon: the 30-minute and hourly charts have run strongly bullish and the daily chart has turned up, but the 2- to 8-hour stretch stays bearish and choppy, and a fresh bearish 30-minute signal just appeared. Net effect: no clear direction.
One dot per day and source, 30 days. Technicals: trend across all timeframes at the close of the day. News: net direction of the day.
Last 72 hours
These reports concern one side of the pair. The label shows their effect on GBP/JPY; in the news verdict they count half.
The rise is real but contested. Strong buying signals on the hourly charts and a daily chart that has turned up sit against a still-bearish and choppy 2- to 8-hour stretch, and the newest signal is already pointing down. With the two sides pulling apart, the net direction is flat even though the four-week picture leans bullish.
September spending fell far more than expected, the tenth straight decline, which pushes BoJ rate-hike expectations further out and weakens the yen, a positive for the cross, which rallied for a second day on the news. The offset is that BoJ policymakers still signal a December hike and Japanese authorities have shown willingness to intervene.
A sustained move above resistance at 213.555 would confirm the bullish case, while a close below support at 211.119 would hand the argument to the bears. High-impact UK GDP figures are due shortly and Japanese GDP follows within days, so either release could tip the balance.
GBP/JPY has been the subject of 39 signals across 39 articles in the last 365 days. Sentiment skews Bullish (64%).
Breakdown: 25 bullish, 8 bearish, 6 neutral.
Most-cited catalysts: BOE rate decision (1×), UK by-election (1×), Failure to maintain momentum above the 209.00 resistance level (1×). Most-cited risk factors: Japanese yen safe-haven demand (1×), Global risk appetite shifts (1×), Potential for a breakout above the daily high of 209.40 (1×).
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